Outstanding student loan debt continues to rises according to a new national report.
The Federal Reserve Bank of New York's Quarterly Report on Household Debt and Credit estimates America's outstanding student loan debt at $956 billion.
That total is expected to exceed one trillion soon. Despite the rising cost of college tuition and related expenses, educators say a degree remains a good investment.
UAA Associate Professor Paola Banchero said Friday that two-thirds of jobs in America require a college degree and that number is expected to rise to 3 out of 4 by 2020.
The Bureau of Labor Statistics estimates that college graduates earn, on average, more than $20,000 more than those with a high school degree or GED.
A study by The College Board found that a degree comes with more benefits than the bigger paycheck.
College graduates are more likely to maintain a healthy weight and less likely to smoke.
